JENNINGS COUNTY ECONOMIC DEVELOPMNT COMMISSION INC (EIN 351844171) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

WILLIE HARMON

Phone

8123462388

Tax Period

2023-01-01 to 2023-12-31

JENNINGS COUNTY ECONOMIC DEVELOPMNT COMMISSION INC, founded in 1990, is a small nonprofit that reported $342K in total revenue in fiscal year 2023.

Mission

FOSTERS AND PROMOTES THE GROWTH OF INDUSTRIAL RETENTION AND EXPANSION IN JENNINGS COUNTY. ASSISTS BOTH EXISTING AND NEW BUSINESSES WHICH LOCATE IN THE AREA SO THAT THEY MAY INCREASE THE NUMBER OF JOBS IN THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $307,260

Program Service Revenue $1,261

Investment Income $2,165

Other Revenue $31,025

TOTAL REVENUE $341,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,339

Fundraising Expenses $14,190

Program Expenses $298,042

Other Expenses $141,948

TOTAL EXPENSES $342,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$341,711	$347,152	0.0%
Expenses	$342,287	$267,696	+0.3%
Net Income	$-576	$79,456	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$114,911

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY ERTEL	EXECUTIVE DI	40.00	Director	$94,332	$20,579	$114,911
JOHN BRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINA CRANK	BOARD MEMBER	1.00	Director	$0	$0	$0
AMBER FISCHVOGT	TREASURER	1.00	Director	$0	$0	$0
STEVE GASPER	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIE HARMON	PRESIDENT	6.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$341,711	$342,287	$554,380	$-576
2022	$347,152	$267,696	$554,864	$79,456
2021	$229,726	$251,393	$474,935	$-21,667
2020	$227,210	$215,392	$496,462	$11,818
2019	$268,720	$281,268	$485,056	$-12,548
2018	$269,548	$304,243	$502,692	$-34,695

JENNINGS COUNTY ECONOMIC DEVELOPMNT COMMISSION INC